Aptos, CA, July 24, 2017 --(PR.com
)-- ElectroniCast Consultants, a leading market research consultancy, today announced the release of a 10-year market forecast of LED-based signage and professional displays. The market forecast covers indoor and outdoor-equipped digital and traditional signage sub-systems and complete systems.
According to the market study, the worldwide value of indoor LED-based digital signage complete systems (direct LED cluster-type screens and LED-backlit LCD screens) reached $18.2 billion last year (2016), and the value is forecasted to reach $37.4 billion in 2026. Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
In addition to providing market data for the complete signage/display systems, the consultancy also provides a 10-year forecast for the sub-systems, which are the piece-parts of the systems.
The value of LED-based sub-systems (piece-parts), used in the outdoor on-premise application, is forecast to increase from $3.5 billion in 2016 to $4.7 billion in 2021. An on-premise LED sign is located outdoors on the premises of a business or organization. In 2017, LED tile modules (sub-panels) used in direct cluster-type screens lead in relative market share, followed by LED lighting in traditional sign-box/channel letter signage/display.
“Digital signage uses a variety of communication links between the hardware components, which include a PC, a mobile operating system unit/Android device, or a System-on-Chip (SoC) interface and the actual display (LED signage, LCD screens, projector) along with the software-based content management system (CMS). The immediate communication linkage between transmitters and receivers involve a wireless link (very short to medium-length links), copper-wire (medium length), or fiber optic cable (typically a link length up to 20km),” said Stephen Montgomery, Director of the LED market/technology research group at ElectroniCast.